In the Matter of the Liquidation of MIDLAND INSURANCE COMPANY.
AMERICAN STANDARD INC. et al., Respondents,
SWISS REINSURANCE AMERICA CORPORATION et al., Intervenors-Appellants, and
SUPERINTENDENT OF INSURANCE OF THE STATE OF NEW YORK, et al., Appellants.
Appellate Division of the Supreme Court of New York, First Department.https://leagle.com/images/logo.png
MAZZARELLI, J.P., SAXE and CATTERSON, JJ., concur.
Appellate Division of the Supreme Court of New York, First Department.
OPINION OF THE COURT
DeGRASSE, J.
This appeal centers on the precedential effect of our opinion in Matter of Midland Ins. Co. (269 A.D.2d 50 [2000] [hereinafter referred to as Midland LAQ]), which we followed in this liquidation proceeding. The issues before us involve the doctrines of stare decisis and law of the case as well as public policy.
Midland Insurance Company was incorporated under New...
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